SBA Loans for Snap-On Franchises
Who actually funds Snap-On SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2026.
Top lenders funding Snap-On SBA loans
Ranked by number of Snap-On 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Webster Bank National Association | 5 | $1.2M | $232K |
| 1 | The Huntington National Bank | 5 | $997K | $199K |
| 3 | Readycap Lending, LLC | 3 | $796K | $265K |
| 4 | The North Salem State Bank | 2 | $120K | $60K |
| 4 | Manufacturers and Traders Trust Company | 2 | $100K | $50K |
| 4 | BayFirst National Bank | 2 | $300K | $150K |
| 4 | BankUnited, National Association | 2 | $586K | $293K |
| 4 | TD Bank, National Association | 2 | $100K | $50K |
| 4 | Newtek Bank, National Association | 2 | $125K | $63K |
| 10 | National Exchange Bank and Trust | 1 | $312K | $312K |
| 10 | Northeast Bank | 1 | $218K | $218K |
| 10 | Peoples Bank of Commerce | 1 | $500K | $500K |
| 10 | PNC Bank, National Association | 1 | $50K | $50K |
| 10 | The American National Bank of Texas | 1 | $181K | $181K |
| 10 | TruBank | 1 | $270K | $270K |
| 10 | Wings Credit Union | 1 | $200K | $200K |
| 10 | Adams Bank & Trust | 1 | $243K | $243K |
| 10 | Zions Bank, A Division of | 1 | $100K | $100K |
| 10 | Celtic Bank Corporation | 1 | $120K | $120K |
| 10 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $120K | $120K |
| 10 | Colony Bank | 1 | $100K | $100K |
| 10 | Farmers and Merchants State Bank of New York Mills Incorporated | 1 | $75K | $75K |
| 10 | Farmers State Bank | 1 | $375K | $375K |
| 10 | First Internet Bank of Indiana | 1 | $445K | $445K |
| 10 | Horizon Bank | 1 | $345K | $345K |
| 10 | Mega Bank | 1 | $931K | $931K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Snap-On loan in this period, ranked by loan count.
Snap-On SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| CA | 7 | $1.6M | $228K |
| MA | 4 | $1.1M | $266K |
| FL | 3 | $936K | $312K |
| IN | 4 | $706K | $177K |
| WI | 2 | $662K | $331K |
| IA | 2 | $645K | $323K |
| OR | 1 | $500K | $500K |
| WA | 1 | $445K | $445K |
| TX | 3 | $381K | $127K |
| OH | 2 | $381K | $191K |
| AZ | 1 | $302K | $302K |
| NE | 1 | $243K | $243K |
| CO | 1 | $200K | $200K |
| LA | 1 | $150K | $150K |
| UT | 1 | $144K | $144K |
Snap-On SBA loans by year
How Snap-On SBA loans have performed
Outcomes for every funded Snap-On 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
How to use this
The lenders above have actually closed SBA 7(a) loans for Snap-On franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in, and we match your Snap-On deal to a lender currently funding this brand.
Financing a Snap-On franchise?
We know which lenders are actively funding Snap-On deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).